Joyfull to Build New Factory in Aichi Prefecture

TOKYO, Jul 13 (Pulse News Wire) – Joyfull (9942.F) announced that its board of directors, held, approved the construction of a new factory named the Aichi Toyohashi Plant. The move aims to address anticipated aging infrastructure risks and production capacity needs.

The new facility, located in Aichi, Toyohashi Shi Ushikawa Tsuu 4-chome, is scheduled for completion in February 2028. Investment costs are estimated at approximately ¥7.500 billion (including buildings and machinery). Funding will come from internal resources and loans.

Details of the counterparty remain undisclosed due to confidentiality agreements. Joyfull clarified there are no significant capital, personal, or transactional relationships with the contractor or related companies. Looking ahead, while the impact on the current fiscal performance is expected to be minor, Joyfull committed to disclosing any developments that could significantly affect future earnings.